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Classifications of Countries Basedon their Level of Development: How it is Done and How it Could Be Done

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  • Lynge Nielsen

Abstract

The paper analyzes how the UNDP, the World Bank, and the IMF classify countries based on their level of development. These systems are found lacking in clarity with regard to their underlying rationale. The paper argues that a country classification system based on a transparent, data-driven methodology is preferable to one based on judgment or ad hoc rules. Such an alternative methodology is developed and used to construct classification systems using a variety of proxies for development attainment.

Suggested Citation

  • Lynge Nielsen, 2011. "Classifications of Countries Basedon their Level of Development: How it is Done and How it Could Be Done," IMF Working Papers 2011/031, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2011/031
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    References listed on IDEAS

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    1. Shaohua Chen & Martin Ravallion, 2010. "The Developing World is Poorer than We Thought, But No Less Successful in the Fight Against Poverty," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(4), pages 1577-1625.
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